The global market for 6G is $4.1 billion By 2030 $6.7 billion BCC analysts predict a compound annual growth rate (CAGR) of 68.6% in 2040.
boston, November 6, 2023 /PRNewswire/ — Smarter AI, augmented reality (XR), Internet of Things (IoT), self-driving cars, AGVs, smart cities, and other future innovations won’t be possible without 6G networking. Anyone working in technology needs to have a roadmap for how the next generation of mobile networks will evolve.
6G networking can support millions of devices simultaneously, accelerating the growth of the telecommunications industry like never before. Holographic communications will finally become a reality, mobile broadband will become much more powerful, and virtual reality will no longer be a niche field. All these industries and others will be greatly impacted when 6G starts to replace his 5G.
According to the BCC report, Global 6G market: New opportunities, summarizing the latest insights into the future of 6G. This report takes a closer look at what’s happening at companies working on 6G development.
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vodafone groupis a British telecommunications company that is working with leading research and medical teams to explore medical applications of 6G technology.
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LG CorporationThe multinational conglomerate, known for its home technology, has successfully tested 6G at 320 meters and is currently developing 6G speeds of 1 TB/s. They aim to utilize this speed both indoors and outdoors.
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SK TelecomSouth Korean telecommunications company is collaborating with NTT Docomo to plan new 5G and 6G cellular infrastructure and leverage virtual radio access network technology.
The global market for 6G technology is expected to grow further in the future 2 billion dollars The CAGR from 2030 to 2040 is 68.6%. This impressive growth presents opportunities for investors and entrepreneurs with insight into the expected developments in technology. the current, Asia Pacific Holds the highest market share.
6G technology network providers such as Cisco Systems and Intel Corporation will benefit from this report. This report will also be useful to technology investors, government agencies, network equipment manufacturers, and academic institutions for students and faculty, especially those with a focus on network technology.
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